银河智联混合A（519644）基金经理为郑巍山。 截至发稿，郑巍山累计任职时间6年111天，现任基金资产总规模174.69亿元，任职期间最佳基金回报 223.42%， 任职期间最差基金回报-12.43%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 8月27日，高伟达跌5.07%，截至发稿，报20.22元/股，成交15.47亿元，换手率16.34%，总市值89.73亿 元。 资料显示，高伟达软件股份有限公司位于北京市朝阳区霄云路28号院2号楼国樽赢地中心A座E层，成立 日期2003年4月11日，上市日期2015年5月28日，公司主营业务涉及向以银行、保险、证券等为主的金融 企业客户提供IT解决方案、IT运维服务以及系统集成服务。主营业务收入构成为：软件开发及服务 89.09%，系统集成及服务10.91%。 从高伟达十大流通股东角度 数据显示，银河基金旗下1只基金位居高伟达十大流通股东。银河智联混合A（519644）一季度新进十 大流通股东，持有股数 ...

Core Viewpoint - The company JinKai New Energy (金开新能) announced a contract with WuWen XinQiong for AI computing power services, indicating a strategic move into the AI technology sector [1] Group 1: Contract Details - JinKai YiWu, a wholly-owned subsidiary of JinKai New Energy, signed an AI computing power technology service contract with WuWen XinQiong on January 27, 2025 [1] - The total rental amount for the first phase of the contract is RMB 69.12 million (including tax), with a service period of 12 months [1] - The contract includes the provision of computing power, bandwidth resources, storage resources, security resources, and IT operation and maintenance services [1] Group 2: Project Progress - The company has successfully completed the deployment and performance testing of a high-performance computing server cluster [1] - The overall delivery of the first phase of the computing power cluster has been completed, and it has entered the designated operational service phase [1]

Core Viewpoint - Kunlun United has decided to terminate its IPO application on the Beijing Stock Exchange due to strategic development considerations, despite previously extending the validity of its application [1][2]. Group 1: IPO Process and Regulatory Scrutiny - Kunlun United's IPO application was accepted on June 28, 2024, and it completed the second round of inquiries by May 16, 2025 [1]. - This marks the second failed attempt for Kunlun United to go public, having previously withdrawn its application for the Shanghai Stock Exchange in March 2024 after initial inquiries [2]. - Regulatory bodies have raised concerns regarding the company's business substance, innovation characteristics, and the authenticity of its revenue growth, requiring clear and understandable disclosures [2][5]. Group 2: Business Model and Core Competencies - Kunlun United operates as an IT infrastructure solution provider, focusing on consulting-driven solutions and IT operation services, without engaging in the production of products [4][6]. - The company has identified 13 core technologies that are unique and innovative, contributing over 80% of its revenue, but these technologies are not easily comparable to industry standards [6][9]. - The company has been asked to clarify the distinction between its IT infrastructure solutions and IT asset management services, as well as the nature of its business contracts [7][8]. Group 3: Financial Performance - From 2021 to 2024, Kunlun United reported revenues of 1.651 billion, 2.067 billion, 2.134 billion, and 2.061 billion yuan, respectively, with net profits of 75.03 million, 84.93 million, 95.19 million, and 97.15 million yuan [10]. - The company has experienced a decline in the number of clients with transaction amounts below 2 million yuan, which has been deemed reasonable by the company [12]. Group 4: Fundraising and Investment Projects - Kunlun United plans to raise 458 million yuan through its IPO, with significant portions allocated for establishing operational headquarters and upgrading its smart operation platform [13][14]. - The company has faced scrutiny regarding the necessity and rationality of its large-scale office space acquisitions, with regulators questioning the alignment of these investments with industry practices [15][16]. - In response, Kunlun United has asserted that its investment in office space and personnel is justified and aligns with its operational needs and market demands [17].

Core Viewpoint - The independent directors of Inner Mongolia Electric Power Investment Energy Co., Ltd. reviewed and approved several proposals related to financing and procurement activities, ensuring compliance with regulations and safeguarding the interests of shareholders, particularly minority shareholders. Group 1: Financing and Trust Transactions - The company’s subsidiary, Inner Mongolia Huomei Hongjun Aluminum Electric Co., Ltd., plans to engage in perpetual trust business with Baorui Trust Co., Ltd. to meet funding needs for the Zaha No. 2 350,000-ton green electricity aluminum project, applying for special bond funding of 700 million yuan [1][2] - The trust funds will be used specifically for the Zaha No. 2 project, with terms being indefinite and interest rates determined through mutual agreement [1][2] Group 2: Procurement and Maintenance Projects - The company’s subsidiary, Tongliao Holin River Pit Power Co., Ltd., intends to use a single-source procurement method to contract the desulfurization system maintenance project to Shenyang Yuanda Environmental Engineering Co., Ltd., which has the necessary qualifications and a good reputation in the region [2][3][4] - The maintenance fee is set at 6.51 million yuan per year, with a total maintenance cost of 14.666 million yuan for the period from October 1, 2025, to December 31, 2027 [4] Group 3: IT Operations and Services - The company plans to procure IT operation and maintenance services for its headquarters and related units through direct negotiation with Beijing Zhongqi Times Technology Co., Ltd., with a total estimated cost of 35.72 million yuan [4][5] Group 4: Capacity Replacement Transactions - The company’s South Open-pit Coal Mine aims to purchase capacity replacement indicators to increase its approved capacity from 18 million tons per year to 20 million tons per year, enhancing competitiveness in the coal market [5][6] - The transaction involves purchasing 100,000 tons of replacement indicators from a subsidiary of the State Power Investment Corporation, which is classified as a related party transaction [5][6]

Group 1 - The company Advanced Digital Technology focuses on IT infrastructure construction, software solutions, and IT operation services, primarily serving financial institutions, internet companies, and the tobacco industry [1] - In 2024, the company's revenue from tobacco industry clients is expected to increase significantly, while expanding into new markets has raised sales expenses [1] - The company has disclosed two major litigation announcements and one progress announcement involving Kingsoft Cloud and Han's Laser [1] - The company's accounts receivable mainly come from large and medium-sized enterprise clients with high creditworthiness, and it is enhancing accounts receivable management [1] - In 2024, the net operating cash flow is expected to increase significantly due to increased sales and extended payment terms for some procurement contracts using letters of credit [1] - The company's equity is historically dispersed, with the core management and technical team holding a significant proportion of shares [1] - The company is actively expanding its client base in the internet and tobacco industries while maintaining a solid relationship with financial industry clients [1] - The company ensures sufficient bank credit limits through stable bank-enterprise cooperation [1] - The company possesses a professional team and technical strength, collaborating closely with top suppliers [1] - Currently, the company has no refinancing plans [1] Group 2 - Qingdao Luxiu Investment Management Co., Ltd. is a professional private equity securities management company, employing strategies such as discount hedging, index enhancement, multi-factor neutral alpha, futures statistical arbitrage, IPO subscription, and convertible bond arbitrage [2] - The company leverages the strong research and investment team of its parent company to provide customized asset allocation services for high-net-worth individuals [2]